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For Sale By Owner Real Estate |
Monday, July 25, 2005Cutting the Commissions (Newsweek)For those of you who didn’t see or read the story already, Newsweek’s Jane Bryant Quinn gave some much-needed publicity and credibility to discounted real estate options. You can read the full text of her July 18th article here: http://www.msnbc.msn.com/id/8525635/site/newsweek/ Michael Poythress Tags: fsbo, real estate, realestate, homes, for sale by owner2 Responses to “Cutting the Commissions (Newsweek)”Leave a Reply |
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ArchivesSyndicate this site FSBOzone.com - The best place to buy or sell a home All content and posts are © copyright 2005 the authors. The authors of this blog work at or own multiple real estate companies, including some For Sale By Owner service companies. Everything here, however, is their personal opinion and is not read or approved before it is posted.
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September 22nd, 2005 at 1:26 pm
It is always best to speak about what you know! The public does not realize these ‘discounted real estate’ Agents and Companies are not full service companies? Unless you have worked a transaction with a discounted company, part time agent, or anything less than a full-time professional, YOU have no understanding of the difference. For every part-time, another Professional Agent is working time and half? For every discounted, limited service Company someone is making up the difference? If it is just money-you could pull your own teeth, save money, do your own surgery-save money, I doubt Ms. Quinn would write an article, prepare it for publication, then split her pay check with someone who just showed up to pick up the mgazine, when it was printed. The Real Estate Profesional brings their experience, expertise, knowledge, and training to the transaction. You never pay the Doctor for the 13 minutes you are there, you pay him for the expertise he brings to evaluating your health. There are many who have a license and are not Profesional, but they are not REALTORS!
September 22nd, 2005 at 6:07 pm
Dorothy, if you’re going to demand that others speak only of what they know, then you should follow the same principle.
There may be some discount-fee companies that provide less than full service, but just because an agency offers discount fees does NOT mean they are “discount service.” There are many “full-service, discounted fee” companies around.
Also, you’re jumping to a whole lot of conclusions in your comment. You don’t know Ms. Quinn’s experience, nor do you know all the experience of the contributors to this blog. Real estate is nothing like dentistry or surgery. It’s more like being a barber, as one person accurately described.
Example given: it takes an average of more than 6 years in school to become a doctor or dentist. I don’t know a single agent (Realtor or otherwise) who spent that much time learning how to safely buy and sell real estate. It is totally out of line to equate your profession - no matter how much you value it - to something as critical to life as medicine.
I also don’t know a single buyer or seller of FSBO real estate who has ever become physically ill, or died, because an issue they had never dealt with arose during their transaction. Real estate changed hands quite a lot — and safely — before “real estate agents” were ever invented. Just keep that in mind.